Economy

France

Iberdrola Responds to Rumours of Terminating French Power Contracts

Energy price hikes have reportedly forced the energy giant to terminate contracts with thousands of its French customers

Natural Gas

Germany to Slash Tax on Household Energy Bills

VAT on gas has been cut to 7% to help people with soaring energy costs

Nuclear Power Plant

German Economy Minister Rules Out Keeping Nuclear Plants Running to Save Gas

German Economy Minister Robert Habeck ruled out on Sunday extending the lifespan of the country's three remaining nuclear power plants in order to save gas, say…

Oil Price

Why Buffett’s Berkshire Hathaway Is Seeking to Buy Up to 50% Of Occidental

The conglomerate first made a bet on the Houston-based oil company three years ago

Wind Farm

Uzbekistan and ACWA Power Sign $1Bn Clean Energy Agreements

Saudi Arabian power company ACWA Power has signed three energy agreements with Uzbekistan’s Ministry of Energy totalling $12 billion.

Solar Power Plant

ReNew’s US $1Bn ECB Loan for Pan-India Renewables Project

ReNew says 12 international lenders, led by Rabobank, will finance the largest ECB project finance loan in India’s renewable sector, for any single project.

Hydrogen Production

2022—the Year the Hydrogen Economy Launched?

The Inflation Reduction Act and the war in Ukraine pump billions into clean hydrogen R&D

Natural Gas

Pummelled by Gas Crisis, Germany’s Uniper Posts $12.5 Bln Net Loss

German utility Uniper, the most high-profile victim of Europe's energy crisis so far, reported a net loss of 12.3 billion euros ($12.5 billion) for the first ha…

United Kingdom

British Gas and Octopus Energy ‘Back Energy Bill Freeze for Two Years’

The plan will reportedly see the launch of a multi-billion fund to cover the rising cost of the price cap

Energy Investment

‘Tepid’ Demand for U.S. Sustainable Funds in July, Report Says

Investors deposited $120 million into U.S. sustainable funds last month, a "tepid" amount of inflows that coincided with a broader retreat from mutual funds and…

Natural Gas

German Energy Market Would Collapse Without Gas Levy - Habeck

Germany had to introduce its new levy to help utilities cover the cost of replacing Russian supplies or else its energy market would collapse, Economy Minister …

Nuclear Technology

Bill Gates’ TerraPower Raises $750 Million for Advanced Nuclear Technologies

TerraPower, one of the companies racing to build a small modular reactor (SMR), announced it raised $750 million.

Thermal Coal

South African Coal Producer Acquires Majority Stake in Windlab Africa

South African thermal coal producer Seriti Resources is seeking to diversify its energy assets and contribute to the country’s green energy transition.

Nuclear Technology

South Korea’s SK Invests $250 Mln in Bill Gates’ Terrapower for Nuclear Power Tech

South Korea's SK Inc said on Monday it and an affiliate invested $250 million in TerraPower, a U.S. venture founded by billionaire Bill Gates that develops smal…

Geothermal Power Plant

New Zealand’s Contact Energy to Reinforce Renewable Energy Generation With $193 Million Investment

New Zealand's Contact Energy said on Monday it would spend NZ$300 million to build a 51.4 megawatt geothermal power unit near its Te Huka power station in Taupo…